Summary Week Ended Friday 17th May 2013

13 stock trades:

6 BLT + 44.78 BPS

1 BP + 15.09 BPS

6 STAN - 110.91 BPS

Stocks net  - 51.03 BPS

Long & short trades, all intraday.

Index trades:

9 FTSE + 29.87 BPS

Net total - 21.17 BPS

I traded 5 days.

Thoughts

A poor week really, and again STAN cancelled my profits on other stocks and on the FTSE.
Both the FTSE & Dax made new 52 week highs, although this was not reflected in the mining stocks.

A very strong finish to the week, be interesting to see how far this rally can go.

Stay disciplined.

Stay focussed.

Dax Chart 17th May 2013

STAN DAILY CHART

Summary Week Ended Friday 10th May 2013

16 stock trades:

3 BP + 62.33 BPS

13 STAN - 935.23 BPS

Stocks net  - 872.90 BPS

Long & short trades, intraday & overnight.

Index trades:

1 FTSE + 8.15 BPS

Net total - 864.75 BPS

I traded 4 days, Monday was a bank holiday.

Thoughts

A really poor week, I was short STAN near the weekly highs, but closed the trade because results were due out the following morning, and there was some strength in the stock. The following morning (Thursday) STAN gapped down from 1700 to 1641.5. I went long for the reversal, which never appeared. It could have been worse I suppose, and fortunately STAN didn't gap down on Friday morning.

Meanwhile, both the FTSE & Dax made new 52 week highs on Friday. The FTSE closed above 6600, last time it did that was Nov 2007.

I will recover from this loss, but it certainly gave my confidence a knock.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 3rd May 2013

9 stock trades:

5 BLT + 65.98 BPS

1 STAN + 49.25 BPS

1 VOD + 2.60 BPS

2 XTA + 26.65 BPS

Stocks net  + 144.49 BPS

Long & short trades, all  intraday.

Index trades:

1 Dax + 2.84 BPS

Net Total + 147.33 BPS

P:L Ratio 21:1

I traded 4 days.

Thoughts

A fairly quiet market with Europe closed on the 1st for May day

US payrolls on Friday resulted in a very strong rally with both the FTSE & Dax making new 52 week highs. Miners also reversed their recent weakness.

The GLEN/XTA merger went ahead and hence XTA is no more, which is rather sad for me.

Well short of my 500 BPS weekly target, but still a modest profit.

Stay disciplined.

Stay focussed.

New UK Traders' Chatroom Available....

I have created a group called #TRADERS,

Server is punch.va.us.dal.net

Access via MIRC

OR......

To get this in a browser tab instead of fiddling around in MIRC, just go to:

https://kiwiirc.com/client

put #TRADERS as the channel, and copy the server address into the server and network dropdown.

All welcome.

Daily Spreadsheet CoB 29th April 2013

Summary Week Ended Friday 26th April 2013

14 stock trades:

2 BARC + 8.49 BPS

8 BLT + 42.90 BPS

4 XTA + 102.05 BPS

Stocks net  + 153.45 BPS

Long & short trades, all  intraday.

No index trades.

I traded 4 days, was busy with other stuff on Monday.

Thoughts

A choppy market this week, missed a great BARC long by raising my stop too early – it went from 292 to 316.
Miners have been fairly volatile.

Well short of my 500 BPS weekly target, but still a modest profit.

Stay disciplined.

Stay focussed.

The Gold Rebound...

Summary Week Ended Friday 19th April 2013

3 stock trades:

2 BLT + 19.87 BPS

1 STAN + 39.60 BPS

Stocks net  + 59.46 BPS

All long trades, all  intraday.

No index trades.

I traded 1 day, was busy the rest of the week.

Thoughts

I missed the sell off on the miners early in the week, should be back next week.

Well short of my 500 BPS weekly target, but still a modest profit.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 12th April 2013

No stock trades.

2 index trades:

FTSE + 10.56 BPS

Net total  + 10.56 BPS

I traded 1 day.

Thoughts

Was busy most of the week so very little trading

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 5th April 2013

No trading this week, I was otherwise occupied.

Summary Week Ended Friday 28th March 2013

9 stock trades:

9 BLT + 35.77 BPS

Stocks net  + 35.77 BPS

Long & short trades, intraday & overnight.

1 index trade:

FTSE + 4.24 BPS

Net total  + 40.01 BPS

I traded 4 days (Friday was a holiday).

Thoughts

A very difficult week’s trading.

Poor entries and exits, I was too jumpy, like the markets.

Well short of my 500 BPS weekly target, missed a few nice trades on BP and BARC because I was watching the miners.

Stay disciplined.

Stay focussed.

BG 27th March 2013

Summary Week Ended Friday 22nd March 2013

17 stock trades:

4 BARC – 73.88 BPS

11 BLT - 81.62 BPS

2 XTA + 105.88 BPS

Stocks net  - 49.62 BPS

Long trades, intraday & overnight.

2 index trades:

FTSE + 2.51 BPS

Net total  - 47.10 BPS

I traded 5 days.

Thoughts

A very difficult week, with the market reacting to the news coming from Cyprus.

Miners were very weak, BLT has been down for 8 consecutive days at the close on Friday. That hasn't been seen since August 2011, after which it recovered more than 20% from its low.

I should be thankful that my losses were pretty moderate, less than half of one percent, although I should have been MUCH more active on the short side.

Stay disciplined.

Stay focussed.

The Big Lebowski, reimagined

I love this poster...

Summary Week Ended Friday 15th March 2013

10 stock trades:

1 BARC + 6.44 BPS

1 BLT + 4.31 BPS

8 STAN – 420.30 BPS

Stocks net  - 409.30 BPS

Both long and short trades, all intraday.

4 index trades:

FTSE + 25.27 BPS

Net total  - 384.28 BPS

I traded 4 days.

Thoughts

A poor week’s trading, I made a basic error on STAN on Wednesday, not realising it was ex-div (a whopping 38p) and went long too early, in the process getting stopped out at the low of the day. It was also downgraded. I think I was guilty of 'revenge trading' on STAN. Of course, it recovered the next day..

FTSE & Dax made new 52 week highs, following new all time highs on the Dow. SPX has not made a new high though. FTSE went negative later on Friday.

New of the Cyprus bank ‘bailout’ came out after Friday’s close, so that could be a mover on Monday. I expect gold to do well.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 8th March 2013

5 stock trades:

2 BLT + 15.93 BPS

3 STAN + 51.17 BPS

Stocks net  + 67.10 BPS

Index trades:

4 FTSE + 12.22 BPS

Total net + 79.32 BPS

Both long and short trades, all intraday.

I traded 5 days this week.

Thoughts

This week was rather quiet, FTSE & Dax made new 52 week highs, following new all time highs on the Dow. SPX has not made a new high though.

I missed a perfect 1^st hour reversal trade on AV this week after they cut the dividend, but then AV isn’t on my watch list. Oh well.

Had a few technical problems this week. Well below my 500 BPS weekly target profit this week. At least I showed a profit every day this week.

Miners have held up, and banks are still in bullish mode.

Friday's Non - farm payrolls beat estimates, markets rallied, then sold off after that.

Stay disciplined.

Stay focussed.

STAN 6th Mar 2013

Summary Week Ended Friday 1st March 2013

3 stock trades:

1 MKS – 89.46 BPS

1 RBS + 12.86 BPS

1 XTA + 133.38 BPS

Stocks net  + 56.79 BPS

All long trades, all intraday.

1 index trade:

FTSE + 3.2 BPS

I traded 3 days.

Thoughts

This week was volatile, stocks sold off heavily on Monday night, so gaps down on Tuesday, but rallied from there. Missed some good long entries.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 15th February 2013

9 stock trades:

5 BLT – 283.02 BPS

4 BP – 26.48 BPS

Stocks net  - 309.5 BPS

All long trades, all intraday.

No index trades.

I traded 2 days.

Thoughts

This week was a bit difficult. Poor enties and exits.

Stay disciplined.

Stay focussed.

Using Google Docs to feed prices from the LSE

This is quite a nice way of monitoring stocks.

Summary Week Ended Friday 8th February 2013

3 stock trades:

1 BLT + 24.97 BPS

1 STAN + 45.94 BPS

1 XTA + 19.71 BPS

Stocks net  + 90.62 BPS

All long trades, intraday except STAN.

No index trades.

I traded 2.5 days.

Thoughts

This week was a bit quiet, spent most of my time watching and sitting back, but then where there’s no trade, better to be patient. I also was busy with other stuff.

I am focussing on my ‘Core’ list of stocks, since I have a proven history of trading these stocks profitably.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 1st February 2013

7 stock trades:

3 ANTO – 298.78 BPS

1 BLT + 8.88 BPS

3 RBS – 79.33 BPS

Stocks net – 369.23 BPS

All long trades, all intraday.

No index trades.

I traded 2 days.

Thoughts

This week was poor, just cannot seem to get out of this losing streak at the moment. My losses were mainly on ANTO, after a trading update. This is not a stock I have traded much, and after this week’s dismal performance, I think I’ll give it a wide berth.

Stay disciplined.

Stay focussed.

Summary Week Ended Friday 25th January 2013

2 stock trades:

1 BP + 30.72 BPS

1 XTA + 37.67 BPS

Stocks net + 68.39 BPS

All long trades, all intraday.

No index trades.

Thoughts

This week was pretty quiet after last week’s poor trading. My exits were poor, the market remains strong and the FTSE added 118 points to set another new 52 week high.

I traded 2 days.

Stay disciplined.

Stay focussed.

BG 25th Jan 2013

BG has retraced 50% of its drop since October:

XTA 24th Jan 2013

BLT

BLT almost closed the gap from 10th Jan

Summary Week Ended Friday 18th January 2013

11 stock trades:

5 AAL - 771.32 BPS

1 BLT + 24.18 BPS

3 STAN - 88.49 BPS

2 XTA - 199.24 BPS

Stocks net – 1034.87 BPS

All long trades.

No index trades.

Thoughts

This week was pretty much a disaster, due to my holding two long trades overnight on AAL, which gapped down on Thursday morning. My position was actually in profit at the close on Wednesday.

This meant that my stop was exceeded, and I took a much bigger loss (three times as big) as I had planned.

As they say, shit happens.

I know I can recover from this setback, but it has knocked my confidence for six.

I traded 2 days.

Stay disciplined.

Stay focussed.